Restructuring the China pigment business through the transfer of interests in Toda United Industrial (Zhejiang)
First written in FY2023-Q3. 2 of 4 entries say "Restated". Latest entry: 2026-07-16.
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- 2026-07-16AdvancedM&A and Subsidiary Changes
「Based on this strategic decision, we have agreed to transfer all of our shares in Zhejiang Huayuan to Deqing Hailuokes, a wholly owned subsidiary of Shenghua Group.」
The company resolved to transfer all of its remaining 20.7% stake in Zhejiang Huayuan following the transfer of its interest in 戸田聯合実業（浙江）, reducing its ownership after the transfer to 0%. The transfer was scheduled for early September 2026 and remained incomplete because approval from the relevant authorities was required. - FY2024-Q2RestatedAnnual report
「また、2022年12月に連結子会社であった戸田聯合実業（浙江）有限公司の出資持分を譲渡したことにより、売上高は前年同期を下回りました。」
戸田聯合実業（浙江）の出資持分譲渡後、その影響が当第2四半期の売上高減少要因として引き続き実績に現れている。 - FY2024-Q1RestatedAnnual report
「また、2022年12月に連結子会社であった戸田聯合実業（浙江）有限公司の出資持分を譲渡したことにより、売上高は前年同期を下回りました。」
戸田聯合実業（浙江）の出資持分譲渡後、その影響が当第1四半期の売上高減少要因として実績に現れた。 - FY2023-Q3First statedAnnual report
「After discussions with Zhejiang Shenghua Holdings Co., Ltd., an investor in Zhejiang Huayuan, and Deqing United Pigment Co., Ltd., the other investor in Toda United, we concluded that enabling Toda United to grow through collaboration with the Zhejiang Huayuan Group would contribute to enhancing the Group's overall corporate value. The business separation date was 28 December 2022. The equity interest was 60% before the transfer, 60% was transferred, comprising 49% to Zhejiang Huayuan and 11% to Deqing United, and the post-transfer interest was 0%.」
The company transferred its entire 60% interest in Toda United Industrial (Zhejiang) Co., Ltd., a Chinese iron oxide pigment manufacturer, to Zhejiang Huayuan Pigment Co., Ltd. and Deqing United Pigment Co., Ltd. on 28 December 2022.